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European gas prices remained high this week, supported by supply tightness due to low Norwegian flows caused by unplanned outages at the Sleipner field and Nyhamna plant, and maintenance work on Nord Stream 1 set to last until 21 July.

A sweltering summer temperature outlook overshadowed ongoing demand destruction from the Freeport LNG terminal outage to send natural gas forwards prices soaring during the July 7-13 trading period, NGI’s Forward Look data show. Fixed price trading for August delivery at benchmark Henry Hub surged $1.179 higher week/week to $6.690/MMBtu. That established the baseline for fixed…

An early slide along the Nymex natural gas futures curve gave way to a technical bounce midday, ultimately boosting the July contract by 28.1 cents to a $6.501/MMBtu settlement. August futures climbed 26.5 cents to $6.546. Spot gas prices also were mostly higher after the weekend, even as temperatures moderated from the unusually high levels…

Natural gas futures continued to bounce around like a pogo stick, with bulls buying the early dip in Wednesday’s trading session and near-term heat fueling the rally. The July Nymex gas futures contract settled at $6.858/MMBtu, up 5.0 cents on the day. August futures climbed 8.9 cents to $6.872. Spot gas prices were mostly higher…

Natural gas futures floundered for a second consecutive session on Monday, as speculative buyers moved to the sidelines following a colossal bull run to start May. A catalyst for that rally – weak production – showed signs of recovery, easing concerns about inadequate supplies to meet extreme heat-driven demand in the South. The June Nymex…

Natural gas futures on Monday picked up where they left off the week before, climbing higher on expectations for robust cooling demand in the summer ahead and the potential for anemic storage supplies by the close of injection season. The June Nymex gas futures contract settled at $7.475/MMBtu, up 23.1 cents day/day. It had closed…

LONDON (ICIS) –The long Easter break heightened the market’s volatility, with European gas prices crashing at the close on 14 April, only to firm on the market’s return on 19 April, supported by lower pipeline supply due to outages.

Massive price increases spurred by spring snow storms and pipeline maintenance lifted spot gas prices during the April 11-14 trading period, which covered gas flows through Tuesday because of the Good Friday holiday. NGI’s Weekly Spot Gas National Avg. jumped 57.0 cents to $5.855/MMBtu. Futures continued to surge as well, with a lack of sustained…

After cresting the $6.000/MMBtu mark a day earlier – and then surging to a $6.394 intraday peak – natural gas futures ran out of steam Wednesday. Although there were plenty of factors for bulls to hang their hats on, technical momentum was zapped late in the session. The May Nymex gas futures contract settled at…